ABM Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
ABM Industries Incorporated (NYSE:ABM) is expected to report Q4 earnings of 92 cents per share, up from 89 cents a year ago, with revenue estimated at $2.03 billion versus $2.01 billion. The company expanded its partnership with LaGuardia Gateway Partners for LaGuardia Airport Terminal B services. ABM's stock closed up 0.2% at $43.67. Analysts have recently adjusted ABM's price targets: Keybanc to $48, Baird to $40, UBS to $42, and Deutsche Bank to $43, with respective accuracy rates of 86%, 78%, 69%, and 66%.
December 11, 2023 | 4:17 pm
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POSITIVE IMPACT
ABM Industries is anticipated to report increased earnings and revenue for Q4. The stock saw a slight increase after the announcement of an expanded partnership and recent analyst price target changes.
The expected increase in earnings and revenue for ABM Industries suggests a positive short-term impact on the stock price. The recent expansion of their partnership for services at LaGuardia Airport Terminal B also reflects positively on the company's growth and operational capabilities. However, the mixed adjustments in price targets by analysts, with some maintaining a neutral stance and others lowering their expectations, could create some uncertainty among investors. The slight stock price increase indicates a cautiously optimistic market sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100